Stanley Furniture Company’s CEO, Glenn Prillaman, has resigned along with two other board members in conjunction with the sale of the company to a private Vietnamese industry group. Matthew Smith replaces Prillaman on a temporary basis. Prillaman will be paid $765,000 severance according to the company. Just over 7 years ago, Stanley started producing most of its furniture out of Vietnam and Indonesia. Almost 1,300 jobs were cut from Virginia and North Carolina in the process.
About The Author
Owner and General Manager of WHEE-AM1370, WMVA-AM1450, WYAT-TV, Soundside Communications, LLC, and Stellaloop Productions
December 1, 2017
December 8, 2017
wind: 3mph W
H 76 • L 74
Weather from OpenWeatherMap
There are no upcoming events at this time.